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2008 SESSION

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HB 1523 Electric utilities; resource planning.

Introduced by: Robert D. Orrock, Sr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Electric utility planning. Requires electric utilities to submit, by September 1, 2009, an integrated resource plan (IRP) that provides a forecast of its load obligations and a plan to meet those obligations by supply side and demand side resources over the ensuing 15 years to provide reasonable prices, reliable service, energy independence, and environmental responsibility. Updated IRPs will be filed every two years thereafter. The 2009 IRPs shall include an assessment of programs to assist low income residential consumers. SB 311 is identical.

SUMMARY AS INTRODUCED:

Electric utility planning.  Requires investor-owned electric utilities and electric cooperatives to submit, by January 1, 2009, a procurement plan that sets forth how it intends to meet its obligation to provide electric generation supply for its customers over the next 20 years. The procurement plan shall integrate, over the term of the plan, the electric utility's forecast of demand with actions to meet the forecasted demand, and identify a portfolio of electric generation supply resources that is likely to provide the electric generation supply needed to meet the forecasted demand at the lowest total price with reasonable price stability so as to assure just and reasonable prices. Updated procurement plans will be filed every two years thereafter. State Corporation Commission approval of a procurement plan is required. The measure also restricts requirements that residential customers use advanced metering technologies.